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Allegiance Bancshares to offer subordinated notes due 2029

Houston-based Allegiance Bancshares Inc. intends to offer fixed-to-floating rate subordinated notes due 2029.

The company plans to use the net proceeds for general corporate purposes.

Keefe Bruyette & Woods Inc. is the sole book-running manager. Stephens Inc., Raymond James & Associates Inc. and Sandler O'Neill & Partners LP are the co-managers.